Matrix Multifamily Raleigh Report-June 2022 June 28, 2022

North Carolina’s Capital Keeps Steady Pace

Raleigh-Durham rents averaged $1,551 in April, with growth on a T3 basis on par with the national rate. Investment volume surpassed $1.1 billion in the first four months of 2022, and after delivering almost 1,700 units, developers are likely to remain busy in the second half of the year.